Every great success has a great story of failure. Just like that silicon valley also has a great story to tell others. It teaches us how perseverance leads us to victory. This place was talked about a lot after the journalist Don Hoefler mentioned the word Silicon Valley in one of his articles during the year 1971.
He coined this name because this region was a home to a lot of chip manufacturing companies which used silicon for the process of manufacturing of chips. They were located in this region, which was a valley in the south of the city. So coining the word silicon valley made sense and the mention of this name in the article drew special attention of the people.